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| Name | 2020 Census Results! What Real Estate Investors NEED to KNOW |
| Video Uploader | Video From Reventure Consulting |
| Upload Date | This Video Uploaded At 28-04-2021 17:00:17 |
| Video Discription | The 2020 US Census figures have officially been released! The US Census Bureau has released the 2020 population counts by state. Real estate investors and home owners need to understand this population and demographic data in order to make better investment decisions! Population growth and real estate appreciation go hand in hand. If a city or state is growing its population, then that means more people who need an apartment to rent or a home to buy. As a result, investors who target markets with high population growth could experience stronger appreciation. The 2020 Census results show big differences across the country in terms of this population growth. High-growth states include Utah, Texas, Idaho, Colorado, and Florida. Low-growth states are West Virginia, Maine, Illinois, and Pennsylvania. Why do places like Utah and Texas have such high population growth? Well, there are two main reasons: 1) high natural/organic growth (aka more births than deaths) and 2) strong inward migration from other states. States that manage to achieve high levels of Natural and Migration growth are set up very well from a demographic and real estate standpoint. A market like Florida is a bit different. Due to Florida's older population, it does not have many new births. But it more than makes up for that by importing the most new people via domestic migration of any state in the country. Since America is aging its annual population growth figures have declined significantly over the last several decades. From 2010 to 2020 the country grew its population by a mere +7%, the lowest growth rate over the last 100 years. This slowdown makes picking the markets with the best demographic trends extremely important for real estate investors. Want to become a Real Estate Expert? Submit a contact form on Reventure Consulting's website to learn about our 1-on-1 coaching program. https://reventureconsulting.com/contacts/ If you would like daily content on real estate, follow us on Instagram. https://www.instagram.com/reventure_consulting/ DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting, LLC does not establish a formal business relationship. 0:00 2020 Census Data Released! 2:23 US Growth is Slowing 4:34 Pay Attention to Local Areas 8:22 Where is the Growth Coming From? 10:03 Natural Increase v. Migration 12:25 The US is Aging! 13:42 Birth / Death Ratio 17:11 Why Babies are Important |
| Category | People & Blogs |
| Tags | 2020 US Census | US Census Bureau | 2020 US Census Results | US Census Results Released | US State Population Counts | States with Most Population Growth | US Census and Real Estate | Real Estate Growth | Demographic and Real Estate Growth | Buying a Home | What is the Best State to Buy a Home | What is the Best State to buy Real Estate | Real Estate and the US Census | What States Have Most Population Growth | Texas Population Growth | Utah Population Growth | Buying Real Estate in Texas |
